Crypto News Today, 14th March : Pi Network Price , XRP News, Bitcoin & Ethereum Price Today

In its first legislative markup of the 119th Congress, the Senate Banking Committee advanced the GENIUS Act, establishing a clear framework for payment stablecoins. Chairman Tim Scott emphasized this bipartisan step protects consumers, national security, and fosters domestic innovation. The committee also approved the FIRM Act, which aims to end debanking by removing reputational risk as a regulatory measure. This historic session reflects a strong commitment to transparent financial regulation and bolstering U.S. leadership in digital asset innovation.

The U.S. Treasury met with crypto custody firms, including Anchorage Digital, to discuss safeguarding the Strategic Bitcoin Reserve. Industry leaders suggested third-party custody as an interim solution, while self-custody remains the long-term goal. This meeting underscores the government’s focus on securing its Bitcoin holdings amid growing institutional interest in the crypto space.

A U.S. court has approved Three Arrows Capital’s bid to increase its claim against FTX to $1.53 billion. According to the filing, 3AC held $1.53 billion in FTX assets as of June 12, 2022, which were liquidated over the following two days to cover a $1.3 billion debt owed to FTX. Initially, 3AC filed a $120 million claim in FTX’s bankruptcy case in June 2023 before later expanding it to reflect the full amount.

Ethereum has plunged by 15% over the past week and is now trading below its 200-day EMA, raising concerns about cascading liquidations in the DeFi space. Analysts warn that this decline could potentially trigger up to $336 million in liquidations as critical support levels are breached. The drop highlights mounting risks in decentralized finance markets, where leveraged positions may be forcibly closed, compounding market volatility and affecting overall investor sentiment.

Pi Network has announced its final extension of the Grace Period until 8:00 AM UTC on March 14, 2025—marking the project’s 6th anniversary. This final extension aims to maximize inclusivity, giving all Pioneers one last chance to verify their balances and complete the KYC and Mainnet migration. Early Pioneers and inactive users are urged to submit their applications via the app’s Mainnet Checklist before the deadline, as failing to do so will result in forfeiture of most mobile balances, including bonuses linked to referral team contributions.